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Feb 2, 2012
02/12
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we're looking at record deficits, a soaring debt. yesterday the congressional budget office tells us that we're looking at trillion dollar deficits into the future and actually adding trillions of dollars more debt in the next ten years if we continue on this trajectory. and it is hurting the economy right now. it's like a wet blanket over the economy, creating uncertainty, unpredictability and keeping us from creating the jobs all of us so desperately want to see. let me mention three things this would stop, that don't make any sense. first of all, right now, in congress, we typically evade spending caps simply by designating something an emergency. this would stop that process, one, by being sure you had to have not just a majority vote but a three-fifths vote to move forward with an emergency and better defining what an emergency is. it's a way, frankly, over the years, congress has done a lot of spending it shouldn't have done. second, congress can cover up deficit limit breaches by shifting tax payments or shifting spending refo
we're looking at record deficits, a soaring debt. yesterday the congressional budget office tells us that we're looking at trillion dollar deficits into the future and actually adding trillions of dollars more debt in the next ten years if we continue on this trajectory. and it is hurting the economy right now. it's like a wet blanket over the economy, creating uncertainty, unpredictability and keeping us from creating the jobs all of us so desperately want to see. let me mention three things...
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Nov 25, 2012
11/12
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CSPAN2
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eye 119
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Feb 2, 2012
02/12
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CSPAN3
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when it incurs a deficit of 1 to $1.5 trillion a year it needs to tell the people what that deficit actually is and what the truly liabilities are on the books. so that it can't make it look like we're balancing what we're not and it can't make it look like we're borrowing less than we are. i commend the sponsors and urge all of my colleagues in both houses and both parties to support this legislation. thank you. >> thank you, martha, for letting us go. we've got a 1:00 that most of our members have to be at. we turn it over to you. >> thank you to our colleagues in the senate for your leadership. anyone who needs to leave, please feel free. >> i think i'm batting first here for the house members. i need to get everybody ready here. we have a news flash. government has been lying to hard-working taxpayers about how we spend money. here's your follow-up story, though. the american people know it, all right? they know it already. and that's the joke that has been going on at so many different levels of government. and i got to tell you that they know in their heart. they know in their gut when
when it incurs a deficit of 1 to $1.5 trillion a year it needs to tell the people what that deficit actually is and what the truly liabilities are on the books. so that it can't make it look like we're balancing what we're not and it can't make it look like we're borrowing less than we are. i commend the sponsors and urge all of my colleagues in both houses and both parties to support this legislation. thank you. >> thank you, martha, for letting us go. we've got a 1:00 that most of our...
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Feb 13, 2012
02/12
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FOXNEWSW
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>>guest: you have no argument here about getting the deficit under control. the president proposes to do that in a balanced way and part of the proposal is to say to folks at the high end of the income scale you have to go back to paying the same rates as during the clinton administration and he says you have to close the correspondent tax loopholes that reward deans shipping jobs overseas, that makes common sense to most americans, but our republican colleagues have opposed one penny, one penny going to deficit reduction foreclosing tax loopholes. that is not responsible. we need a balanced we approach asking for shared responsibility^. although we can all do better. this is on the right track. >>neil: thank you very were, congressman. good to see you. one of the most power will democrats on the hill. and now greece, rock the by the worst violence, yet, as they try to push law the drastic cuts. and ashley webster is in athens with the latest. >> they are calmer than 24 hours ago, neil, that is the good news. this time last night this location was literally c
>>guest: you have no argument here about getting the deficit under control. the president proposes to do that in a balanced way and part of the proposal is to say to folks at the high end of the income scale you have to go back to paying the same rates as during the clinton administration and he says you have to close the correspondent tax loopholes that reward deans shipping jobs overseas, that makes common sense to most americans, but our republican colleagues have opposed one penny,...
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you cannot cut your way to deficit reduction. lou: that's right. pesi sys we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in my homes across america ad is a very, very lean time. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary of reducing spending. >> the european communitynow is concerned about all the austerity. there are many, many things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- u: the senate's top democrat believes we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the
you cannot cut your way to deficit reduction. lou: that's right. pesi sys we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in my homes across america ad is a very, very lean time. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd...
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Sep 27, 2012
09/12
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FOXNEWS
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over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a fat guy tweaking. >> do we even know what kind of dog? >> dana: i don't really -- >> eric: talk walking down the street -- >> greg: who speaks for eaten dog. >> bob: good example of -- do go ahead. >> eric: to give you an example. okay. so -- [over talking ] under president obama whic thiss what we have gotten. $100, economic activity. it cost us $3 trillion. $300 in debt. but to get $300 in debt, you have to spend $700. you have to spend $700 to get the $100 economic activity under president obama. >> kimberly: don't give that to bob. >> eric: give me a
over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a...
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Apr 18, 2012
04/12
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FOXNEWS
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it is unclear if the deficit will be a big factor. >>stuart: does romney have an attack line on the issue of debt that will make it an issue that voters care about? >> he has to convince voters we are in a different position than the past. president obama has added more to the national debt in the 3 1/2 years in office than bush in eight years but you listen to house budget committee chairman they talk about a possible debt crisis coming quickly. if we get in a situation where the united states credit rating is downgraded first, and it costs a lost more to borrow machine, it goes downhill really fast and romney's job is to convince americans that is a real possibility. >>stuart: we are up to $15.5 trillion today, and change, $15.6 trillion. about election day we will bump up against that ceiling where we need to authorize yet more borrowing. that could make debt a significant issue in the election. >>guest: well, it is a stand off several times, most recently not that long ago. in which republicans were holding out for significant spe
it is unclear if the deficit will be a big factor. >>stuart: does romney have an attack line on the issue of debt that will make it an issue that voters care about? >> he has to convince voters we are in a different position than the past. president obama has added more to the national debt in the 3 1/2 years in office than bush in eight years but you listen to house budget committee chairman they talk about a possible debt crisis coming quickly. if we get in a situation where the...
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Feb 13, 2012
02/12
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CSPAN3
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the points i want to make in terms of the debts and deficits shown in this budget are the debts and deficits we are already -- we have a huge risk in terms of interest rate increases which would dramatically increase our cost of interest. for every 1%, add a trillion to our deficits. because of our increased growth, the president is going to increase taxes. that will harm economic growth and for every 1% that we reduce growth by, add $3.1 trillion on to our deficit. nobody's really talking about the true cost of obama care. we sent out a letter last week by 38 republican senators asking cbo to reassess the number of people that will lose their health care coverage. a will add trillions on to the cost of obama care and on to our deficit. so we need to seriously take -- and this president's budget simply does not do that, it's a true failure of leadership. >> at a time of trillion dollar deficits and a record debt at a time when we're spending as a federal government more than we have spent since world war ii, the budget sent by the president is irresponsible. it does not address the fiscal cr
the points i want to make in terms of the debts and deficits shown in this budget are the debts and deficits we are already -- we have a huge risk in terms of interest rate increases which would dramatically increase our cost of interest. for every 1%, add a trillion to our deficits. because of our increased growth, the president is going to increase taxes. that will harm economic growth and for every 1% that we reduce growth by, add $3.1 trillion on to our deficit. nobody's really talking...
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Feb 15, 2012
02/12
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CSPAN3
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eye 98
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you're talking about these kind of increases and these kind of programs, when we're running the largest deficits in history, you've got to understand congress is not going to be able to agree to everything. >> well, having served in congress for 14 years, i know that. i'm proud of the -- during the 14 years, five of those years, we had balanced budgets. thanks to the work of senator conrad and others. and we still had priorities. you have priorities. one of the priorities is pay down the debt. that's what we did during that five-year period. but we still had priorities. one of our transportation priorities is implementing passenger rail. when florida turned back $2.3 billion, we had $10 billion worth of requests. some of that came from republican governors. one in michigan that we just came almost $1 billion to so he could fix up the tracks from detroit to chicago so people can get the little higher speeds. we've invested in the northeast corridor. which a lot of people in this town use, from washington to new york. to get to higher speeds. to fix up the catenar ymt. we're going to continue to m
you're talking about these kind of increases and these kind of programs, when we're running the largest deficits in history, you've got to understand congress is not going to be able to agree to everything. >> well, having served in congress for 14 years, i know that. i'm proud of the -- during the 14 years, five of those years, we had balanced budgets. thanks to the work of senator conrad and others. and we still had priorities. you have priorities. one of the priorities is pay down the...
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people know in their bones, worried about the deficit, the debt, they don't like the affordable care act. another country to be more prosperous and growing in a much more rapid pace. we have an anemic recovery. lou: and we have noticed. we appreciate you getting this to the economics, as well as the politics. let's hear it. governor romney going to win ohio? >> i believe he will. these numbers, lts of conflicting polls. two things that break it f me. nine of 13 of the last polls show romney winning independence you don' lose ohio if you are winning independence, and second of all, these early vote numbrs are strong as it and acre of garlic and we say in texas. lou: thank you for being with us. appreciate it. thank you for bringing your strong texas language. it feels like home. >> there we go. lou: much more on the final stretch of the election and what's to -- whato expect from both cdid it's as that day approaches. hurricane sandy aftermath. five days andand tempers are flaring. frustration is building as gas lines grow longer and longer and longer. grocery store shelves are goi ba
people know in their bones, worried about the deficit, the debt, they don't like the affordable care act. another country to be more prosperous and growing in a much more rapid pace. we have an anemic recovery. lou: and we have noticed. we appreciate you getting this to the economics, as well as the politics. let's hear it. governor romney going to win ohio? >> i believe he will. these numbers, lts of conflicting polls. two things that break it f me. nine of 13 of the last polls show...
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Feb 14, 2012
02/12
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CSPAN
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we're talking about the deficit over $1 trillion. a deficit of 900 + trillion dollars. these are historic levels. >> are these comparable? >> these are gimmicks that i do not think have ever perceived to be appropriate to be useful. oco. to say -- you will see the transportation funding has been paid for include -- assuming we will get savings in iraq and afghanistan. the aircraft and republicans look at this as a budget gimmick to be used in the context of the super committee for payroll tax and determined it was not appropriate. you have the president putting it out there. hundreds of billions of dollars. the troops are coming home from iraq and afghanistan. i think these are at a new level. you also have to look at what this budget does in terms of long-term debt. instead of reducing the debt, it increases it. not just by a few trillion. sometimes between $14.12 dollars trillion. the historic numbers of dead we have seen and are not fair to future generations are increase dramatically to the point that the debt will be over $25 trillion 10 years from now. >> we did a
we're talking about the deficit over $1 trillion. a deficit of 900 + trillion dollars. these are historic levels. >> are these comparable? >> these are gimmicks that i do not think have ever perceived to be appropriate to be useful. oco. to say -- you will see the transportation funding has been paid for include -- assuming we will get savings in iraq and afghanistan. the aircraft and republicans look at this as a budget gimmick to be used in the context of the super committee for...
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Feb 16, 2012
02/12
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CSPAN3
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you've got to look at every other area in the budget in order to deal with the deficits that we're confronting and i just hope that congress ultimately makes the decision along with the president to do that. >> and, mr. secretary, that's the statement that we need to hear over and over and over from those of you at the dod and our military leaders. you can't balance the budgets on the back of the military. thank you so much. >> thank you for waiting to get your question out there. thank you very much, mr. secretary. general. >> thank you very much. >> mr. hale, we appreciate you being here, the work you're doing. this hearing is now at an end. >>> in a few moments c-span radio's "washington today" program. more about the administration's 2013 budget request and a hearing with treasury secretary tim geithner. and then we'll reair defense secretary leon panetta and joint chiefs of staff chairman general martin dempsey testifying about the pentagon's 2013 budget request. several live events to tell you about tomorrow. energy secretary steven chu will take questions about his department's budget r
you've got to look at every other area in the budget in order to deal with the deficits that we're confronting and i just hope that congress ultimately makes the decision along with the president to do that. >> and, mr. secretary, that's the statement that we need to hear over and over and over from those of you at the dod and our military leaders. you can't balance the budgets on the back of the military. thank you so much. >> thank you for waiting to get your question out there....
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Feb 10, 2012
02/12
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CSPAN
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a huge deficit of over $1 trillion under the obama economy. to me, that is the key point -- paying for this. host: one is extending the tax break and the other is the debate over unemployment benefits. guest: the unemployment benefits, absolutely. people in the hardest-hit states can get up to 99 weeks of unemployment benefits, a check of about $300 a week. how do you get those people best prepared to go back to work? the president called for keeping people in high school until the age of 18 and make sure people get their degree. one of the things the house has passed his people out of work and working on getting their degree. and making sure they are ready to be prepared to go back to work so they are able to pass a drug test in order to go into the workplace. those are the sorts of things that are included. the president says things are getting better, then we should not need to be on unemployment insurance for a full 99 weeks. host: senator barrasso with us for a half hour so we want to get to your phone calls. you can also tweet and e-mail
a huge deficit of over $1 trillion under the obama economy. to me, that is the key point -- paying for this. host: one is extending the tax break and the other is the debate over unemployment benefits. guest: the unemployment benefits, absolutely. people in the hardest-hit states can get up to 99 weeks of unemployment benefits, a check of about $300 a week. how do you get those people best prepared to go back to work? the president called for keeping people in high school until the age of 18...
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Feb 20, 2012
02/12
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KTVU
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question: don't you blow a hole in the deficit? >> guest: it is a tax cut and not revenue neutral. and i want to say up front. i am the only person you interviewed that was involved in balancing the budget four times except for bill clinton. >> chris: i haven't interviewed bill clinton in a while. >> guest: two of us negotiated that. and number one goal has to be to create dramatic economic growth. back to four percent unemployment you slink that estimate. number two. i have a program to unleash american oil and gas. and the estimate by the guy who developed north dakota, there are cane-18 trillion dollars in potential royalties to the federal government in the next generation if you open up federal land. add up what we could get. my goal is to be so independent that no american began. and 500 billion back on. and royalties that pays is a substantial part of plugging that hole. 92 92 you >> chris: you are talking about returning to 2.50 gallon gas. >> guest: correct. >> chris: opec would cut production to keep international prices up. it is always the possibility of a oil spike or
question: don't you blow a hole in the deficit? >> guest: it is a tax cut and not revenue neutral. and i want to say up front. i am the only person you interviewed that was involved in balancing the budget four times except for bill clinton. >> chris: i haven't interviewed bill clinton in a while. >> guest: two of us negotiated that. and number one goal has to be to create dramatic economic growth. back to four percent unemployment you slink that estimate. number two. i have a...
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Nov 7, 2012
11/12
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FOXNEWSW
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we can only solve these together, reducing the deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we have more work to do. >>shepard: the white house called leader from both parties saying the american people want both sides to work together. coming up in a few minutes the republican speaker of the house will speak how his party hopes to move forward. we will bring that like and work to do that. first, though, to wendell, live in chicago. the question is, does the election bring us any closer to working out a deal? >>reporter: the president has said it should be easier for him to work with republicans when they are no longer focused on blocking re-election but senate republican leader said preventing a second obama term was the top priority says the president didn't get a mandate last night, all he got was more time to do the job he promised in his first term. by waiting until the election is over the president left less than two months to is a deal to prevent tax hike and spending cuts that could push the country into another recession
we can only solve these together, reducing the deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we have more work to do. >>shepard: the white house called leader from both parties saying the american people want both sides to work together. coming up in a few minutes the republican speaker of the house will speak how his party hopes to move forward. we will bring that like and work to do that. first, though, to wendell, live in chicago....
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Nov 11, 2012
11/12
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CSPAN
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eye 95
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he is running up deficits up $6.70 trillion. the size of his solution compared to the problems are not even in the same ballpark. that is why he is in there. he jumped to that promise. he sounds like he was not going to but when he got specific he made it clear in a year from now the middle class might target this. so no whining, all you peasants out there. >> if sometime in the next few weeks there is an agreement here that closes loopholes but does not yet lower those rates, is that violation? >> republicans would not support it. it would violate the pledge that most republicans have made to their constituents. not to me, as harry reid and mr. biden say. there are three things that people campaign that obama made more confusing. all the people behind him and no press questions, covered as if it were a press conference. one is all the bush tax cut laps that predate bush that they let lapse every two or four years. if that happens on january 5, it did raise taxes $500 billion a year. i guess this is the $5 trillion tax cut that
he is running up deficits up $6.70 trillion. the size of his solution compared to the problems are not even in the same ballpark. that is why he is in there. he jumped to that promise. he sounds like he was not going to but when he got specific he made it clear in a year from now the middle class might target this. so no whining, all you peasants out there. >> if sometime in the next few weeks there is an agreement here that closes loopholes but does not yet lower those rates, is that...
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Nov 22, 2012
11/12
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MSNBCW
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the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we just showed you on our blog and you can load them on your smartphone or ipad to pass around the table and print them out on paper in case your uncle doesn't look liking at these new things. those are waiting for you now. we are here for you. you can do this. report back and let us know how it went. that does it for us tonight. have a great thanksgiving. we'll see you monday. now it is time for the last word with lawrence o'donnell guest hosted by the spectacular ezra kline. good evening. >> good evening, rachel. i am glad to know other people bring char
the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wrong but you can help with visual aids. we have posted both of those charts we...
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that's no way cutting into the deficit. stuart: he's going with the krugman, paul krugman, new york times. >> bomber in rod consultants. stuart: they're going with that line which is, you don't have to worry about the deficit because money is cheap. it costs nothing for the government to borrow, and you can print it. >> you know what does it on a story about as a lot. of quoting, forget about the law. this is about more than that. there are a bunch of laws that states have been putting into force, starting with wisconsin and going throughout. ohio has 110 indiana has one. the right to work laws. what happens if the union feels empowered by this election and says forget about those laws. he said that. about the laws. let's go ahead and press with our union demands, even if the state says no way. you can't do it. it is incredible how far this guy has gone and still become head of the afl-cio. stuart: we face this fiscal cliff being massive tax increases and huge spending cuts come january the first. we are running into that.
that's no way cutting into the deficit. stuart: he's going with the krugman, paul krugman, new york times. >> bomber in rod consultants. stuart: they're going with that line which is, you don't have to worry about the deficit because money is cheap. it costs nothing for the government to borrow, and you can print it. >> you know what does it on a story about as a lot. of quoting, forget about the law. this is about more than that. there are a bunch of laws that states have been...
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take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this country has been following that policy for so long that we are near because if we didn't come you know didn't warn them about it and the wheels are coming off because since the reagan administration we have not. spending money on infrastructure in the united states look around you most of the infrastructure was built in the fifty's sixty's seventy's and early eighty's and then we've. been spending on government run health we're going to have star wars four trillion dollars is not to blame for what's actually happening in new york because of the storms right now and the money that it's not about actually not true part of the infrastructure is these giant dunes that they put out in front and some of this is nimby
take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this country has been following that policy for so long that we are near because if we didn't come you know didn't warn...
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Nov 28, 2012
11/12
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CNBC
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there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of mine here to join me, some folks from here in the area. our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement right now, is on middle-class taxes. as i've said before, we have two choices. if congr
there's been a lot of talk here in washington about the deadlines we're facing on taxes and deficits. these deadlines will be coming up very soon, but today is important, because i want to make sure everybody understands, this debate is not just about numbers. it's a set of major decisions that are going to affect millions of families all across this country in very significant ways. and their voices, the voices of the american people, have to be part of this debate. so i asked some friends of...
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Dec 11, 2012
12/12
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CNBC
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our deficit was $1.2 trillion. we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are
our deficit was $1.2 trillion. we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from...
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Dec 27, 2012
12/12
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MSNBCW
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eye 211
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agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean, what happens if we go over this cliff? >> well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still impossible. if we go over and stay over, a couple of million people will lose their unemployment benefits. eventually, taxes will increase for millions of others. the payroll tax holiday will probably be gone either way. once we go over the cliff, the economic pain will be forthcoming. >> and can be significant. give me a yes or no. are we going over the cliff? or will it be a last-minute deal? >> i think we're going over. >> y
agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean,...
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Dec 18, 2012
12/12
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. >> no matter how much we increase taxes it will not have a dint on the deficit. for us to close the gap we are going to have to have a serious discussion about spending reform. >>> scott will become the fist black senator from line gnaw. he will have to run again for 2014. >> he will be home for christmas. former president george h.w. bush expected to be released from the hospital in the next week. the 41st president is being treated for a bronchitis related cough. he has been in the hospital since november 23rdrd. but doctors say he is continuing to make progress. >>> one of our nation's wounded warriors will be having an extra special christmas this year. he will finally be able to walk on his own again. last christmas day corporal was hit with an i eastbounding d and lost one of his legs. this year he's learning to use his brand new prosthetic leg. >>> a year after you get injured or whatever happens and that's really the way it is on christmas the date i got injured. >> his biggest challenge is keeping up with his 1-year-old son. that's your 5@5:00. >>> we ma
. >> no matter how much we increase taxes it will not have a dint on the deficit. for us to close the gap we are going to have to have a serious discussion about spending reform. >>> scott will become the fist black senator from line gnaw. he will have to run again for 2014. >> he will be home for christmas. former president george h.w. bush expected to be released from the hospital in the next week. the 41st president is being treated for a bronchitis related cough. he has...
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Feb 14, 2012
02/12
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deficits drop slightly tending up in the long haul and he has underestimated the sides of the deficit and overestimated economic dpreoth in all the pleojs. we can't count on him. current deficit is 40% bigger than he forecasted five months ago. into the serious document. >> greta: let me turn to the g.o.p. race. santorum is tied with romney and what caught my attention two more polls, in michigan. two polls, one is rick santorum is up 6% and another is he is up 15%. should governor romney be worried tonight? >> my gut tells me 6% is likely to be in the realm of where it is in the 15%. we have seen volatility in this race. newt gingrich up by double-digit before the florida primary. romney up in sections two weeks before the primary. these things have come and gone. >> greta: but michigan? >> it's birthplace, granted he was born there but spent most of his life someplace else. critical battleground, if governor romney loses michigan it will be challenging, that is why his campaign outside group supporting him half a million dollars worth of television today. governor romney is going to
deficits drop slightly tending up in the long haul and he has underestimated the sides of the deficit and overestimated economic dpreoth in all the pleojs. we can't count on him. current deficit is 40% bigger than he forecasted five months ago. into the serious document. >> greta: let me turn to the g.o.p. race. santorum is tied with romney and what caught my attention two more polls, in michigan. two polls, one is rick santorum is up 6% and another is he is up 15%. should governor romney...
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Dec 30, 2012
12/12
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is in the white house, deficits don't matter. can you tell us a little bit about the philosophies of the two candidates? well now, the president and the ex-candidate. will the situation be that much different if there was a different man in the white house? guest: well, look, it's an interesting question. it is certainly true that tax policy was one of the key sort of issues in the last election. and actually, the debate that we're having if it sounds familiar, it's because we've had it several times before. it was really a similar debate to what we had in 2008. we had the same debate in 2010. we had a similar debate in 2011 when we were dealing with the debt ceiling issue the first time around. and we dealt it with it in the last election. and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in o
is in the white house, deficits don't matter. can you tell us a little bit about the philosophies of the two candidates? well now, the president and the ex-candidate. will the situation be that much different if there was a different man in the white house? guest: well, look, it's an interesting question. it is certainly true that tax policy was one of the key sort of issues in the last election. and actually, the debate that we're having if it sounds familiar, it's because we've had it several...
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Nov 11, 2012
11/12
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what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election really did was solidified the modern republican party as the party as the solution to the crisis at in deficits and entitlement spending and taxes, the rise in budget. twice they have passed this -- could have passed this. it has been voted on twice. everyone coming back to offices either run as a supporter of ryan or vote for it. republicans swept old people. brian does that happen until you get a different president. it is the future. >> we have about six minutes left. >> you're making the case that the republican party did not lose as badly as people are saying and the president does not have as
what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election...
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Mar 13, 2012
03/12
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almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio, according to the military times. limbaugh has been a target of a campaign by democrats forcing advertisers to drop his job. after he called sandra fluke, a couple of not so nice words. as part of the campaign a petition was initiated on the website to remove limbaugh from armed forces network radio, now there is a counterpetition there. petitioners have one month to gather 25,000 electronic signatures. if they can get that they'll have a official white house response. >>> some debate among purists whether tomorrow's white house dinner for david came vonn a state dinner, since the queen is the head of state
almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio,...
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Dec 30, 2012
12/12
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CNNW
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we still have a huge deficit. if we do not take on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw it coming, why did congress wait so long to do something about it? why do toys for tots and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> we are
we still have a huge deficit. if we do not take on spending, then the cliff may not seem like a cliff but will be a downward slide to make us like greece. no lodnger a viable economic power. >> hang on. we'll continue this. we have to take a quick break. the fiscal cliff has the president sounding like new york yankees legend yoeg gi ber ra. >> this is deja shz vu all over again. americans want to know why you can't get stuff down in an organized timetable. >> so if we all saw...
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Aug 4, 2012
08/12
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secondly, that voted block is the one that will pay the bill for the unacceptable tax and debt and deficit policies over the last 30 years. we are saying, we want to get back on track, balance the budget. romney is the only one talking about it. let me tell you what the real answer is for these young folks. when we all travel and try to recruit jobs in virginia and louisiana and new jersey, the top thing they want to know about is what are you going to do long term to give me the trains, motivated, world-class employment to sustain my business in the long haul? we have our work cut out for us. we have a great education system. we have betrayed -- the best workers in the world. we do not have the focus and the work force training for those young people, we are not going to cut it. . we are at the lowest level of new startup businesses in america in 30 years. think about that. small businesses are 90% of all of the businesses. there is no way to create the state in economic growth we need to keep america the hope of the earth. you have to have the next steve jobs or bill gates to do the job.
secondly, that voted block is the one that will pay the bill for the unacceptable tax and debt and deficit policies over the last 30 years. we are saying, we want to get back on track, balance the budget. romney is the only one talking about it. let me tell you what the real answer is for these young folks. when we all travel and try to recruit jobs in virginia and louisiana and new jersey, the top thing they want to know about is what are you going to do long term to give me the trains,...
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Dec 12, 2012
12/12
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MSNBCW
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own advisors say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending and particularly the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say support that bill, pass that bill. well, how is that the case when he continues to say we also need $1.4 trillion in additional new revenues. so there's an inconsistency here and let's stop playing games. we want to be here for the american people and we want to make sure that we get a balanced solution so that we can start focusing on the one thing that we have seemed to have forgotten and that is it's about jobs and the economy. it's about getting people back to work, making sure their life works again and to finally get us back into the mode of a growing economy. the president seems to be walking us ever so slowly towards the cliff. we've said we're comm
own advisors say that any kind of agreement that we come to has to deal with the prime drivers of our deficit, which is the spending and particularly the health care entitlement programs. so we ask the president to please sit down with us and be specific and let's get that balanced plan. you know, it's interesting that the senate has passed a bill that is a bill calling for increased revenues of $850 billion. the president continues to say support that bill, pass that bill. well, how is that...
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Apr 1, 2012
04/12
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his keeps adding to the debt and deficit. paul has put us on a path that begins to pay that down over time and get us to balance. we think the american people expect us to do what they have to do. that is get to balance in a reasonable time. quit spending more than you take in, particularly when you have a $16 trillion debt. that is why we have offered our plan. it fits with what most american families and business owners view as common sense. >> would they expect members of the republican senate committee would hold together and not support the ryan plan to push for your own budget? >> i think you will see a lot of republicans back our budget. the president's budget was offered as an alternative. not one single member of congress, not one single democrat supported the president's plan. you will see a lot of members vote for our budget. my gut tells me you will not get 218, which is what we need to pass something in the house of representatives. i wish we could. >> what stops people from supporting it? >> if we could have got
his keeps adding to the debt and deficit. paul has put us on a path that begins to pay that down over time and get us to balance. we think the american people expect us to do what they have to do. that is get to balance in a reasonable time. quit spending more than you take in, particularly when you have a $16 trillion debt. that is why we have offered our plan. it fits with what most american families and business owners view as common sense. >> would they expect members of the...